The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-04-02
Weekly Trade Review.

NEW YORK, April 1.-R. g. Dun d
Co.. in their weekly trade review, say:
With three inches of snow in Virginia,
the roads 10 many sections almost
impossible, and the Canada railroads
blocked by drifts the distribution of
products is difficult. But for the e1-
traordinary demand, to
ANTICIPATE THE INTERSTATE ACT
and its charge of rates, this retarding
weather would have been more seri-
ously felt; as it is, dry goods and boots
and shoe dealer complain that from
the regions buried in snow, small
orders coue for summer clothing, and
deep mud and bad roads in many
States arrest the movements of pro-
duce. Business the past month has
Deen remarkably large, not only at
New York and Boston, but Chicago
reports a phenomenal record and
other cities as we'll. Largely this bust
ness has been. in anticipation of de-
mands for eightdays to come or more;
hence, it is scarcely possible that nose-
worthy unreasonable reaction should
not be felt. The opinion grows that
roads rather than commerce. It is
to cause lower charges on local traffic,
which is smaller, and higher charges on
long through traffic, which, for i'm
portant roads. is larger. Neither I'M
certainty nor activity in the markets
under such circumstances indicates
much for the future.
WHEAT has RISEN
over one cent, with sales of IS 900 900
bushels for the week, the reports con-
tinuing heavy. Corn, oats, oil and
pork products, sugar and tea have
scarcely changed, with moderate deal
ings. Coffee has advanced quarter.
Cattle and wool are weaker. With tin
and copper, cotton has doomed, with
sales of ,088, 200 bales at New York in
six days. Print clothes are
barely $50 cents, with only 10000
pieces in sight, against i, 58 900
pieces two years ago. Iron is weaker
at Philadelphia and Pittsburg.. The
collapse of the coal combination, and
the higher and fixed rates for the trans
portation of coal, do not encourage con-
sumers Whether the bank clearings,
outside of New York, ranging Is per
cent. above last years, indicate more
than temporary activity, cannot yet
be judged; but the great reduction of
rates on the canals, for shipment to
Canadian ports, and the attitude of the
Grand Trunk toward the other trunk
lines, foreshadoW
A SHARPER COMPETITION
between Canada and New York for
warding merchants, as other new ar
engagements indicate manufacturing
development in Canada.
The Mexican tariff promises larger
traffic in that direction after July LIST.
This year the amount sent to Boston
has been unusually good, the dividends
payable there reaching 1862 ,0fS
against 81 ,06l Ill last year.
MONEY has RANGED FROM TO 8PER CENT.
for the week, but operations to cause
stringency will now be increasing and
very difficult every day, unless an IN
usual outgo of money should set in, as
in 1884, in place Of the return custom
airy in April.
The failures during the first quarter Of
1887 were
SMALLER IN NUMBER
than in 1886, 1885 or 1884, but the ag-
gregate of the liabilities was larger than
last year, not because of the general
enlargingof indebtedness, but because
few unusually heavy failures were in
Guided. The failures in the last seven
days number, for the United States 1876,
for Canada 81; total 223, compared with
259 last week and pa for the correspond
ing week of last year.